Financial Crime

Anti-Money Laundering

EBA Consults on Technical Standards for AML Framework

By Nithya Subramanian | 07/03/2025

The proposed standards cover criteria for direct supervision, risk assessment methodology, CDD requirements, and enforcement measures.

Anti-Money Laundering

AUSTRAC to Expand AI Use in Intelligence, Regulatory Operations

By Thisanka Siripala | 07/03/2025

AUSTRAC is currently developing and piloting uses of AI which will in the future expand usage patterns and domains.

AI Risk & Governance

Australia’s Banking Revolution: Leveraging AI in a Sheltered but Evolving Market

By Bradley Maclean | 06/03/2025

Australia’s near-term trajectory in AI adoption hinges on strategic actions that address existing gaps while positioning the sector for sustainable growth.

PEPs & Sanctions

US Targets Houthis with New Sanctions, FTO Redesignation

By Nithya Subramanian | 06/03/2025

OFAC sanctioned seven high-ranking Houthi members a day after re-designating the group as a Foreign Terrorist Organisation.

Anti-Money Laundering

APG is Facing “Significant Resource Challenges”

By Thisanka Siripala | 06/03/2025

The APG says in its new strategic plan that there aren’t enough experienced and effective assessors to participate in mutual evaluations.

Market Abuse

FSS Korea Refers ‘Finfluencer’ Unfair Trading Case for Prosecution

By Nithya Subramanian | 06/03/2025

The finfluencer pre-purchased shares and sold them at inflated prices after issuing “buy” recommendations on a popular Telegram channel.

PEPs & Sanctions

OFAC Sanctions Iranian Administrator of Shuttered Darknet Marketplace

By Manesh Samtani | 05/03/2025

Behrouz Parsarad was designated for contributing to the international proliferation of narcotics via his darknet marketplace, which was dismantled in 2024.

Supervision & Enforcement

India Probes Paytm Over Foreign Exchange Rule Violations

By Nithya Subramanian | 05/03/2025

The Enforcement Directorate said Paytm didn’t file the necessary reports with the RBI for foreign investment in Singapore, among other violations.

PEPs & Sanctions

China Sanctions 25 US Companies in Response to Trump Tariffs

By Manesh Samtani | 05/03/2025

15 companies added to export control list and 10 companies to “Unreliable Entity” list. Import levies on US agricultural and food products also increased.